Amer Sports (NYSE:AS) Insider Sells $465,731.50 in Stock

Amer Sports, Inc. (NYSE:AS) insider Wen-Chang (Victor) Chen sold 13,075 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.62, for a total transaction of $465,731.50. Following the completion of the sale, the insider directly owned 149,821 shares in the company, valued at approximately $5,336,624.02. This represents a 8.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Amer Sports Stock Performance

Shares of AS stock opened at $34.18 on Friday. The company’s fifty day simple moving average is $34.81 and its 200-day simple moving average is $36.20. The company has a quick ratio of 0.82, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm has a market cap of $18.93 billion, a PE ratio of 42.73, a P/E/G ratio of 1.20 and a beta of 2.05. Amer Sports, Inc. has a 12 month low of $28.92 and a 12 month high of $42.76.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Tuesday, May 19th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.84 billion. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Amer Sports has set its FY 2026 guidance at 1.180-1.230 EPS. Equities research analysts expect that Amer Sports, Inc. will post 1.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. UBS Group boosted their price objective on shares of Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Piper Sandler restated an “overweight” rating on shares of Amer Sports in a report on Friday, February 20th. Robert W. Baird set a $51.00 target price on shares of Amer Sports in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft set a $52.00 target price on shares of Amer Sports in a report on Wednesday, May 20th. Finally, Truist Financial boosted their target price on shares of Amer Sports from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $48.19.

Institutional Investors Weigh In On Amer Sports

A number of institutional investors have recently modified their holdings of AS. EverSource Wealth Advisors LLC boosted its position in shares of Amer Sports by 84.3% in the first quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock valued at $25,000 after acquiring an additional 348 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Amer Sports in the fourth quarter valued at about $27,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Amer Sports by 484.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 848 shares of the company’s stock valued at $29,000 after acquiring an additional 703 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Amer Sports by 1,030.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 814 shares of the company’s stock valued at $30,000 after acquiring an additional 742 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Amer Sports by 241.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,199 shares of the company’s stock valued at $42,000 after acquiring an additional 848 shares during the period. Institutional investors own 40.25% of the company’s stock.

Amer Sports Company Profile

Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).